General World News

Pulte denies ‘political weaponization’ of mortgage fraud referrals

In an interview on Thursday with CNBC’s “Squawk Box,” Federal Housing Finance Agency (FHFA) Director Bill Pulte addressed the “for cause” definition tied to the attempted firing of Federal Reserve Governor Lisa Cook while rejecting the notion that his crusade against mortgage occupancy fraud was “political weaponization.”

“I do believe there is a very strong cause,” Pulte said on air. “I defer to the president’s lawyers and the DOJ on that.”

Pulte would not disclose where the tip regarding Cook came from, nor why he postponed a press conference about the investigation that was supposed to take place on details ⇒

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